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14 Nov 2024
DCG Cables & Wires Limited IPO
DCG Cables & Wires Ltd.(DCWL) is a manufacturer of copper cables and wires. It primarily focuses are on manufacturing of different types of copper cables which finds application in transformers. DCWL's product portfolio consists of Copper Strips, Paper Covered Copper Strips and Wires (Kraft/Crepe/Nomex/Mica) Bare Copper Wires and Strips, Copper Tapes and Fiber Glass Copper.
DCG Cables & Wires IPO is a fixed price issue of Rs 49.99 crores. The issue is entirely a fresh issue of 49.99 lakh shares. DCG Cables & Wires IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares.Interactive Financial Services Ltd is the book running lead manager of the DCG Cables & Wires IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for DCG Cables & Wires IPO is Nikunj Stock Brokers.
DCG Cables & Wires Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | April 8, 2024 to April 10, 2024 |
| Listing Date | April 16, 2024 |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,999,200 shares (aggregating up to ₹49.99 Cr) |
| Fresh Issue | 4,999,200 shares (aggregating up to ₹49.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,150,400 |
| Share holding post issue | 18,149,600 |
| Market Maker portion | 252,000 shares Nikunj Stock Brokers |
DCG Cables & Wires Limited IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Monday, April 8, 2024 |
| IPO Close Date | Monday, April 8, 2024 |
| Basis of Allotment | Friday, April 12, 2024 |
| Initiation of Refunds | Monday, April 15, 2024 |
| Credit of Shares to Demat | Monday, April 15, 2024 |
| Listing Date | Tuesday, April 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 10, 2024 |
DCG Cables & Wires Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
DCG Cables & Wires Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 252,000 (5.04%) |
| Other Shares Offered | 2,373,600 (47.48%) |
| Retail Shares Offered | 2,373,600 (47.48%) |
| Total Shares Offered | 4,999,200 (100%) |
DCG Cables & Wires Limited IPO Promoter Holding
| Shareholding Pre Issue | 100.00% |
| Shareholding Post Issue | 72.45% |
Company & Financials
The company offers a wide range of copper products. Its products include bare copper strips, conductors, and wires, ensuring optimal conductivity for various applications. It also provides paper-covered copper conductors in both rectangular and round shapes, as well as multi-paper-covered copper conductors and connection cables designed specifically for transformers. And its copper submersible wires and strips are perfect for submersible applications. It also supplies twin and triple bunched paper-covered copper strips and bunch conductors.DCWL is in B2B (Business to Business) Segment only. Currently, its more than 94.81% of sales comes from Gujarat and recently, it started selling in Maharashtra and Karnataka region, which contributes close to 5.16% of total sales for the period ended September 30, 2023. DCWL is currently in process of setting up a new manufacturing plant at Bhayla, Bavla, Gujarat, in order to increase its manufacturing capabilities.
DCG Cables & Wires Limited Financial Information
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 6,152.13 | 3,564.12 | - | - | ||||||||||||||||||||||||||||||||||||
| Revenue | 7,639.08 | 5,455.18 | - | - | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 847.10 | 172.06 | 37.24 | 10.40 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,367.15 | 1,533.82 | 443.69 | 13.14 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,051.78 | 217.99 | - | - | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,569.83 | 1,812.27 | 635.44 | 29.80 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 35.92% |
| ROCE | 59.10% |
| Debt/Equity | 1.09 |
| RoNW | 35.79% |
| P/BV | 5.57 |
| PAT Margin (%) | 11.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.31 | 5.09 |
| P/E (x) | 76.34 | 19.64 |
Objectives of DCG Cables & Wires Limited IPO
Objectives of the company are as follows: -
- 1. Capital Expenditure for building construction,
- 2. Working capital requirement,
- 3. General Corporate Purpose, and
- 4. Meeting Public Issue Expenses.
DCG Cables & Wires Limited IPO review
The company is engaged in the business of manufacturing and marketing of copper cables and other related products like fiber glass covered copper products. Higher spending by the Government of India on energy sector augurs well for the company. As informed by the management, its focus on high margin products earned good rewards with quantum jump in the bottom lines and it hopes to continue the same trends going forward. Based on its FY24 super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium to long term rewards.
FAQs for DCG Cables & Wires Limited IPO
-
Why DCG Cables & Wires IPO?
The initial public offer (IPO) of DCG Cables & Wires Limited offers an early investment opportunity in DCG Cables & Wires Limited. A stock market investor can buy DCG Cables & Wires IPO shares by applying in IPO before DCG Cables & Wires Limited shares get listed at the stock exchanges. An investor could invest in DCG Cables & Wires IPO for short term listing gain or a long term.
-
DCG Cables & Wires IPO what should investors do?
DCG Cables & Wires IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
-
Is DCG Cables & Wires IPO good?
Our recommendation for DCG Cables & Wires IPO is to subscribe.
-
When will DCG Cables & Wires IPO list?
The DCG Cables & Wires IPO will list on Tuesday, April 16, 2024, at NSE SME.
DCG Cables & Wires Limited IPO Subscription Status
Category
Subscription (times)
Other
11.53
Retail
21.70
Total
16.96
-
Why DCG Cables & Wires IPO?
The initial public offer (IPO) of DCG Cables & Wires Limited offers an early investment opportunity in DCG Cables & Wires Limited. A stock market investor can buy DCG Cables & Wires IPO shares by applying in IPO before DCG Cables & Wires Limited shares get listed at the stock exchanges. An investor could invest in DCG Cables & Wires IPO for short term listing gain or a long term.
-
DCG Cables & Wires IPO what should investors do?
DCG Cables & Wires IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
-
Is DCG Cables & Wires IPO good?
Our recommendation for DCG Cables & Wires IPO is to subscribe.
-
When will DCG Cables & Wires IPO list?
The DCG Cables & Wires IPO will list on Tuesday, April 16, 2024, at NSE SME.
DCG Cables & Wires Limited IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| Other | 11.53 |
| Retail | 21.70 |
| Total | 16.96 |
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